Property prices for sale in Kingsford (New South Wales)
The prices in real estate in Kingsford, in the New South Wales region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Kingsford has had a strong decrease during the last 6 months. In October, the average price per m² was $2,179. In the following month the price per m² decreased considerably to $817. The price for the following two months in (December, January) had a considerable increment of 133 %. The price per m² has had a considerable deflation of 68 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $1,748 to $1,195 during February, and March.
Based upon to the price in Kingsford (suburbs), this has gone up in the last 6 months. The average price during our first sample month during October, is $479,000. During November the price went through a considerable rise reaching $773,167. During the following two months (December, January) the price has had an average incrementation from $626,083.5 to $696,583.5. During the last two months the average price has had a strong fall compared to the previous four going from $661,333.5 to $254,352, which means a 38 % fall.
